Well cared for duplex just outside the heart of University Place. Perfect investment opportunity, as rents have been low for years and could be taken up to market. Each side is 2 bd/1 bath at 846 sqft. Cabinets, appliances, and interior flooring replaced in 2015. New siding, windows, and doors & exterior paint in 2015. New roof summer of 2019. Each unit has their own 1 car garage, & there is an additional detached garage behind the duplex on the same parcel that has been rented out in the past.
Last Listed By
Colton Robinson
Windermere Prof PartnersLicense #20108487Listed on: 07/15/2021
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 1808490
Property Details
Home Type
Multi-Family
Est. Annual Taxes
$5,902
Year Built
Built in 1973
Lot Details
0.33 Acre Lot
Lot Dimensions are 98x134
Partially Fenced Property
Corner Lot
Home Design
Duplex
Poured Concrete
Composition Roof
Wood Composite
Interior Spaces
1,692 Sq Ft Home
1-Story Property
Laminate Flooring
Parking
2 Parking Spaces
2 Covered Spaces
Utilities
Cable TV Available
Community Details
University Place Subdivision
Listing and Financial Details
Assessor Parcel Number 0220152104
Property Details
Home Type
Multi-Family
Est. Annual Taxes
$5,902
Year Built
Built in 1973
Lot Details
0
Listing Details
Property Type: Residential Income
Property Sub Type: Multi-Family
StyleCode: 52 - Duplex
Year Built: 1973
Buyer Agency Compensation: 2.5
MLS Status: Sold
Prev Status: Closed
New Construction: No
CalculatedSquareFootage: 1692
EffectiveYearBuiltSource: Public Records
Special Features: None
Cumulative Days on Market: 267
Interior Features
Possible Use: Multi-Family
Fireplace: No
Flooring: Laminate, See Remarks
Interior Amenities: Forced Air, Laminate Tile
Stories: 1
SquareFootageFinished: 0
SquareFootageUnfinished: 0
Exterior Features
Roof: Composition
Lot Features: Corner Lot, Paved
View: No
Waterfront: No
Exterior Features: Wood Products
Foundation Details: Poured Concrete
Structure Type: Duplex
Garage/Parking
Carport Y N: No
Covered Parking Spaces: 2
Open Parking: No
Total Parking Spaces: 2
ParkingUncoveredSpaces: 0
Utilities
Sewer: Sewer Connected
Water Source: Public
Security: FullyFenced
Heating Yn: Yes
Utilities: Cable Connected, Natural Gas Available, Sewer Connected, Electric, Natural Gas Connected
PowerCompany: Tacoma Public Utilities
SewerCompany: Pierce County
WaterCompany: Tacoma Public Utilities
WaterSewerGarbage: 800
Condo/Co-op/Association
Senior Community: No
Schools
Junior High Dist: University Place
High School: Buyer To Verify
Middle Or Junior School: Buyer To Verify
Lot Info
Parcel Number: 0220152104
Lot Size Acres: 0.3329
Lot Size: 98x134
Lot Size Sq Ft: 14500
Irrigation Water Rights: No
ResoLotSizeUnits: SquareFeet
ShowMapLink: true
SiteFeatures: Cable TV,Fenced-Partially,Gas Available
MLSLotSizeSource: Realist
ZoningJurisdiction: City
ZoningClass: Multi-Family
Green Features
Power Production Type: Electric, Natural Gas
Rental Info
Furnished: Unfurnished
GrossRentMultiplier: 16
LeasedItems: None
TotalMonthlyIncome: 2900
Multi Family
Gross Scheduled Income: 34800
Net Operating Income: 26810
Number Of Units Total: 2
Insurance Expense: 1288
Leasable Area: 1692
EnergySource: Electric,Natural Gas
UnitsInBuildingTotal: 2
UnitsBelowGrade: false
VacancyRate: 3
Tax Info
Year: 2021
Tax Annual Amount: 5902
MLS Schools
Elementary School: Buyer To Verify
Ownership History
DateNameOwned ForOwner Type
Sep 2021 - PresentJames J Doane Holding Llc3 Years and 8 Months
Company
Purchase Details
Listed on
Jul 15, 2021
Closed on
Sep 21, 2021
Sold by
Dyer Daniel D and Triple D Construction Llc
Bought by
James J Doane Holding Llc
Seller's Agent
Colton Robinson
Windermere Prof Partners
Buyer's Agent
Karay Masin
Real Broker LLC
List Price
$565,000
Sold Price
$585,000
Premium/Discount to List
$20,000
3.54%
Total Days on Market
6
Current Estimated Value
$647,207
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$62,207
Avg. Annual Appreciation
2.80%
Original Mortgage
$438,750
Outstanding Balance
$405,782
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$243,120
Aug 2021 - Sep 2021Mullen Daniel Salter and Mullen Julie1 Month
Private Individual
Purchase Details
Listed on
Jul 15, 2021
Closed on
Aug 20, 2021
Sold by
James J Doane Holdings Llc
Bought by
Mullen Daniel Salter and Mullen Julie
Seller's Agent
Colton Robinson
Windermere Prof Partners
Buyer's Agent
Karay Masin
Real Broker LLC
List Price
$565,000
Sold Price
$585,000
Premium/Discount to List
$20,000
3.54%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$438,750
Outstanding Balance
$405,782
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$243,120
Mar 2015 - Aug 2021James J Doane Holding Llc6 Years and 5 Months
Company
Purchase Details
Closed on
Mar 27, 2015
Sold by
Triple D Construction Llc
Bought by
James J Doane Holding Llc
Nov 2013 - Mar 2015Triple D Construction Llc1 Year and 4 Months
Company
Purchase Details
Closed on
Nov 11, 2013
Sold by
Rain City Capital Llc
Bought by
Triple D Construction Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,331
Interest Rate
4.17%
Mortgage Type
Purchase Money Mortgage
Nov 2013 - Nov 2013Triple D Construction Llc and Rain City Capital LlcLess than a month
Company
Purchase Details
Closed on
Nov 5, 2013
Sold by
Dyer Keith J
Bought by
Triple D Construction Llc and Rain City Capital Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,331
Interest Rate
4.17%
Mortgage Type
Purchase Money Mortgage
Jan 2001 - Nov 2013Johnson Donald C12 Years and 10 Months
Private Individual
Purchase Details
Closed on
Jan 9, 2001
Sold by
Johnson Gail B
Bought by
Johnson Donald C
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
7.54%
Oct 1994 - Jan 2001Dunham Carrie L6 Years and 3 Months
Private Individual
Purchase Details
Closed on
Oct 27, 1994
Sold by
Ramser Donald M
Bought by
Dunham Carrie L
Range of Values:
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Average Value
Not Available
List Price
Sold Price
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Source: Northwest Multiple Listing Service (NWMLS)
Tax History Compared to Growth
Source: Public Records
Tax History
Year
Tax Paid
Tax AssessmentTax Assessment
Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property.
This home is located at 8020 35th St W, University Place, WA 98466 since 15 July 2021 and is currently estimated at $647,207, approximately $382 per square foot. This property was built in 1973. 8020 35th St W is a home located in Pierce County with nearby schools including Evergreen Primary School, Narrows View Intermediate School, and Curtis Junior High School.
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